After a massive winter of discontent for residents in many states and territories, the upcoming summer holiday season is sure to be more highly valued and anticipated than usual. Many people are going to be looking to get away to holiday locations. To ensure you max out your enjoyment NOW is the time to not just make plans but actually act on those plans. If buying a caravan is integral to your plan, then the clock is definitely ticking to ensure you’re on the road to your holiday destination as scheduled. For those who need financial assistance, considering a loan to buy a caravan can be a viable solution to get you started on your journey.
With uncertainty around state borders continuing, caravanning is shaping up as an even more appealing way to travel and holiday this season. Not only can you support regional areas that have done it particularly tough this year, but caravanners also have the freedom and flexibility to make quick changes to travel plans if borders or particular areas enforce COVID restrictions.
Having a firm plan as to how you are going to approach your caravan purchase and especially how you are going to source your finance can be extremely beneficial in avoiding the traps which may lurk for last minute panic buyers. Jade Caravan Finance reminds all that it is time to act on caravan buying and loan plans with some tips and hints on not only getting started with the process but getting on with those summer caravan holiday plans.
Sourcing Caravan Finance
Loans to purchase caravans are available through banks and non-bank lenders or finance companies and accessed through broker-style lenders such as Jade Caravan Finance, through caravan dealers and manufacturers or by direct application.
Handling it yourself by making direct applications can be time-consuming and with the holiday season on approach, time may not be a luxury. To source sufficient loan quotes in order to make an informed decision may involve making application to multiple banks and finance companies. Applications which are noted by lenders to credit reporting agencies and which can impact a credit score negatively.
Signing up to the finance offering from the caravan dealer or manufacturers may be convenient but have you checked the interest rate and sourced other quotes for comparison? Some third party/dealer finance can include commissions and may be priced at higher interest rates than we can source for you.
Engaging the services of a specialist leisure vehicle lender such as Jade Caravan Finance to handle the finance process is also extremely convenient plus we save you time and deliver cheap interest rate loans as well.
Compare Caravan Loan Interest Rates
To assist those seeking finance to compare what is available on the market, we’ve provided an Interest Rate Comparison Calculator for you to use. It shows the types of loans for this purpose which are available through a number of banks and other lenders complete with the current interest rate being offered. As you navigate through the options, being informed about the prevailing caravan loan rates can be advantageous. All you have to do is input the amount you are seeking to borrow and the number of years you would like to repay the loan, and the repayment estimates immediately appear alongside each lender.
It’s quick, easy to use and should save you a lot of time shopping around the market for quotes. Note that the loan types and interest rates listed are for ‘new goods’. If seeking finance for a used caravan, the type, rate and details of the most suitable loan may vary from what is available for new caravans.
Selecting a Caravan
Sourcing a caravan to buy immediately at the moment may be a challenge with many manufacturers reporting longer than usual delivery times. This is a result of the incredible increase in demand for caravans over the past 18 months and the impacts on manufacturers of ongoing and recurring lockdowns. Many new caravans are built to order which is another factor to take into consideration.
Buyers may do well to phone around dealers or manufacturers to enquire what stock is available for immediate delivery and/or what the wait time is for a new caravan to assist in narrowing down their preferences. If timing is your priority, then immediate availability may influence which make/model you decide to buy.
Of course there is always the option of buying a used caravan. The new versus used will be a big question facing many buyers due to delays for new vehicles. But used stock is likely to also be tight so buyers will need to do their homework and be thorough and careful.
Many second hand caravans are advertised and sold via online selling platforms. A great way to see what is available across the entire country without leaving home, but it is also fraught with traps. The ACCC has issued numerous alerts in recent times around scams and frauds in the market. The organisation has specifically identified the caravan sector as a key target for scam schemes recently. Access the latest alerts from ACCC ScamWatch
When using Jade as your lender, we have resources to check IDs and verify ownership of goods through various channels to assist buyers.
Booking Holiday Parks
Loan sorted, caravan purchased, now it’s time to plan the trip. The increase in sales in caravans has flowed through to an increase in demand for sites in many holiday parks, especially in peak seasons. Booking your site well ahead is highly recommended to ensure you don’t miss out.
If you can’t get a booking at a designated park or you prefer to be more independent, check out the free camping sites in your area.
To get moving with your caravan plans, contact Jade Caravan Finance on 1300 000 003 to assist with sourcing your finance
DISCLAIMER: THE DETAILS AND INFORMATION IN THIS CONTENT ARE PREPARED AND PRESENTED PURELY FOR INFORMATION AND NOT INTENDED IN ANY WAY AS THE SOLE SOURCE OF FINANCIAL ADVICE FOR CARAVAN PURCHASING. IF ADDITIONAL FINANCIAL ADVICE IS REQUIRED, READERS SHOULD REFER TO A FINANCIAL ADVISOR. NO LIABILITY IS ACCEPTED FOR ANY ERRORS, PRODUCT DESCRIPTION VARIATIONS, OR OTHER MISREPRESENTATIONS OF INFORMATION AS PRESENTED